240 And, Somerville, MA 02144
This Class A office building, located at 240 Elm Street, 2nd and 3rd Floor, West Somerville, MA 02144, offers 16,343 square feet of flexible workspace in the heart of Davis Square. The property, renovated in 2019, features a variety of office configurations suitable for traditional, executive, co-working, and creative businesses. Units range from a minimum of 50 square feet to a maximum contiguous space of 1,300 square feet, with a total of 350 suites. Currently, 5,650 square feet are available. The building includes elevators and is conveniently located near the Red Line metro, providing easy access to Boston and surrounding areas. The vibrant Davis Square neighborhood offers a diverse range of dining, entertainment, and fitness options, including nearby restaurants, the Somerville Theatre, and Arlington Health and Fitness. This former Social Security headquarters provides a distinctive address within a thriving business community, attracting a diverse tenant base including physicians, engineers, publishers, and non-profit organizations. The building's central location and modern amenities make it an ideal choice for businesses seeking a dynamic and convenient workspace.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.